711 Fifth Avenue.
NEW YORK CITY- Luxury developer SHVO in a joint venture withDeutsche Finance America and BLG Capital has secured a $545 millionloan to finance the redevelopment of 711 Fifth Ave. in Midtown. Theproperty is steps away from Central Park and the 57th Street luxuryresidential corridor. Jones Lang LaSalle secured the loan, andGoldman Sachs led the financing.
Constructed in 1927, the 18-storyproperty at 711 Fifth Ave. was the original headquarters of NBC.Totaling 340,024 square feet, the historic building has 284,061square feet of office space and 55,963 square feet of retail.Bethlehem Engineering Corp. designed theproperty.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
